Business
Don Decries Youth’s Declining Interest In Agribusiness
A university tacher Prof. Kolawole Adebayo, has decried the declining interest in agribusiness by Nigerian youths and the migration of seasoned local farmers abroad. Adebayo, a Professor of Rural Development Communication at the Federal University of Agriculture, (FUNAAB), Abeokuta said this in Lagos, yesterday.
The expert said lack of interest in agriculture by youths and the transmigration of local farmers did not augur well for food security in the country.
“As a nation, we have been privileged, that is why we have become lazy and complacent. Many of the younger generation are not looking at farming as an option.
“We have a number of people who have retired from one job or another and then embarked on farming in their villages as a retirement plan.
“That is what is currently feeding us; we cannot continue to rely on that.
“So the future is bleak in terms of our food security because God has blessed us with oil, we keep importing almost everything.
“Even those who have the knowledge, many of them are migrating, Nigerians are now going abroad to do farm labour work.
“Now that is telling us something that, those countries where they are going to will start exporting food to us and it is not going to be free,” Adebayo said. He noted that there was, however, light at the end of the tunnel for the Nigerian agricultural sector, if Nigerians elect good leaders who would take the sector to its next level.
“Nigerians are very enterprising; soon, agriculture will become an opportunity rather than a challenge as it is presently.
“If we elect good leaders, then it will not take long time to turn our agricultural fortune around, it just takes some commitment.
“In two or three years, we will begin to see good changes in the agriculture sector”, Adebayo said. The don said that with some glaring challenges in the nation agricultural sector, the entrepreneurial spirit in Nigerians would begin to stir up, adding that the people would face the problem headlong.
He advised aspiring young farmers to get training and to embark on feasibility study before commencing any agribusiness venture.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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